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Recent content by TNCPUPZlazy

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

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    Question about paying debts from special needs trust.

    What is the name of your state?GA My cousin has a question that might solve our problem. Please see here for background https://forum.freeadvice.com/threads/agent-error-creates-complicated-problem.657182/#post-3677354. If she were to set up one of these trusts and then claim the annuity into it...
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    Agent error creates complicated problem.

    If she had the money in her possession, he would try to get it. That would stress her out. I could go in to more detail, but that situation belongs in a different forum.
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    Agent error creates complicated problem.

    The main issue is medicaid. In the state she lives in, medicaid offers someone with her set of physical and psychological disabilities protections that private insurance does not. She has already encountered them. I found out about special needs trusts and recommended she start one so she can...
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    Agent error creates complicated problem.

    I checked with the state. If they get the money mentioning a beneficiary, they will hold it for the rest of her life, then distribute it according to her will. I then pressed the brokerage firm (threatened to file complaints with the boards of all the states involved) and they grudgingly...
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    Agent error creates complicated problem.

    Thanks, Don. My cousin cannot claim the money. The way it ended up was the worst possible outcome for everyone involved. Had it been the other way around, we could have given her portion to her in a way she could use it. They told me (and it's in the contract) that if it's not claimed by the...
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    Agent error creates complicated problem.

    Yes. After reading some of the other questions, most of the problems would have been prevented if the insured had listed "my estate". The other lesson is review them every few years.
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    Agent error creates complicated problem.

    Thank you. No, we weren't listed. There was only 1 short line on the contract to list a primary (not even a percentage box), and below it (not even double spaced) only one short line to enter a contingent. The names and titles didn't even fit. She submitted my uncle's death certificate and...
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    Agent error creates complicated problem.

    What is the name of your state?Montana I have a complicated problem with my mother’s annuity. An error made by an agent has left her children/estate unable to claim their portion of the money. My mother always referred to it as my grandmother’s annuity and later the “trust” or “contract”, so I...

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